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MOVE IN THIS SUMMER
FIT FOR YOUR LIFESTYLE
MENK E S . C OM
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Client: Menkes
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Finished Size: 7.5" x 10.5"
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APP
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LS Date: February 19, 2016 1:44 PM
Writer: Designer Social: Studio Manager:
Production Artist: Proofreader: Creative Director: Account Manager: Production Manager:
FEB 27 - MAR 12, 2016VOLUME 20, ISSUE 5, FREE
INSIDE THIS ISSUE
MORTGAGE MISTAKES TO AVOID
THE BIG SHORT? NOT IN CANADA
HOW TO DISPLAY ART IN YOUR CONDO
GTA EDITION
001 CG_Cvr_02-27-16.indd 1 2/22/16 3:46 PM
fold
6.875" x 10.5" OGF
tridel.com
Boutique condo living coming soon to Sheppard east of 404.
PRO
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Client: Tridel
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File Name: TRI 28924 Parfait CG Inside GF Cyan Magenta Yellow Black
Finished Size: OGF 6.875in x 10.5FOLD OUT IFC 6.875in x 10.5in IFC 7.25in x 10.5in
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LS Date: February 17, 2016 12:14 PM
Writer: Creative Director: Studio Manager:
Production Artist: Designer: Account Manager: Production Manager:
*See sales Representative for details. Offer is applicable to the purchase of select units only and valued to $5,000 as a gift card exclusively for The Market by Longos at Imperial Plaza. For alimited time only. Prices andspecifications are subject to change without notice. All images are artists concept only. E&O.E. BLOOR ST.
ST CLAIR AVE.
FOXBAR RD.
EGLINTON AVE.
AVENUE RD.
YONGE ST.
SALESCENTRE1499 YONGE ST.
SITE
N
VISIT OUR SALES CENTRE AT 1499 YONGE STREET (N. OF ST. CLAIR)
T. 416-925-2501 HOURS: MON-THURS 12-6PM,
SAT & SUN : 12-5PM OR BY PRIVATE APPOINTMENT
BLUEDIAMONDCONDOS.CA
INCREDIBLE CITY SKYLINE VIEWS
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views. Contemporary finishes. Exclusive lifestyle amenities. Gourmet shopping at The Market by Longos and LCBO.
A fantastic opportunity you dont want to miss.
DEER 45368 Condo Guide The Market FA.indd 1 2/19/16 9:37 AM001-Camrost-BlueDiamond 02-27-16.indd 1 2016-02-23 11:01 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 3 2 YPNEXTHOME.CA
Exploring new neighbourhoodsA wannabe adventurer at heart, I
relish exploring new neighbourhoods
on a bicycle. Its been my main mode
of transportation since I was a little
kid. Ive been lucky over four solid
decades to discover the good, the
bad and the unexpected side of a
neighbourhood thanks to my two-
wheeled friend.
With bike sharing services such
as Bixi and VeloGo, its easier than
ever to discover a neighbourhood by
bike in metropolitan areas across the
country.
Faster than walking, easier than
transit when you really want to
understand what a neighbourhood is
all about, nothing beats a simple ride
around the area.
For those who want to
explore some of Canadas top
neighbourhoods even more, surf
your way to ypnexthome.ca to
check out our teams top featured
neighbourhoods.
With over 2,700 di erent
neighbourhoods to discover, along
with thousands of condominiums,
rental properties and homes for sale,
your adventure begins right here.
Let us know what you think. Wed
love to hear from you!
You walk into the electronics shop,
ask about the newest smartphone.
They tell you all about it, show you an
artists concept drawing and expect
you to buy it on the spot. You dont
buy a pair of shoes or even new pots
and pans this way. So when it comes
to buying a preconstruction home, it
makes sense that a lot of people have
di culty buying from fl oorplans or
fi guring out how fi nishes will look.
Model suites and sales o ce
vignettes are great ways to help
prospective buyers actualize the
fi nished product. If the builder has
done similar projects you may be able
to reference those too.
Buying preconstruction can save
you a lot of money and provides a
great opportunity, so dont shy away
because the fl oorplans are daunting.
Ask all the questions you want and
seek out the professional advice you
need instead of missing out on a great
opportunity.
Enjoy this issue of Condo Guide
and check out our advice, info and
listings on ypnexthome.ca and on the
YP NextHome App and get ready to
make your move.
+ get social
Editors' Notes
EXPLORE UNIONVILLE
Interact with us on social media: ypnexthome
SUSAN LEGGEEditor-in-Chief / Director of ContentYellow Pages NextHomeEmail: [email protected]: @SusanLegge
ELISA KROVBLITSenior EditorYellow Pages NextHomeEmail: [email protected]: @ElisaKrovblit
MORE PHOTOS ONLINEypnexthome.ca/unionville-neighbourhood
Visualize
002 EditorsNotes_Feb 27_JM.indd 2 2/23/16 3:30 PM
2 YPNEXTHOME.CA
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1YORKVILLE.CA PRESENTATION LOUNGE 162 CUMBERLAND ST. (416) 519-2911
CONDOMINIUM RESIDENCES AT YORKVILLE & YONGE
STEPS TO SUBWAY AND PATH STARTING FROM $455,000
FOR A LIMITED TIME, YOU CAN PURCHASE ANY ONE BEDROOM UNIT FOR ONLY 10% DOWN*.
PRICES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E. & O.E. RENDERING IS ARTISTS CONCEPT ONLY. *SEE SALES REPRESENTATIVE FOR DETAILS @BazisInc
BAZI-NO1-A-AD-CONDOGUIDE-FEB1-1.indd 1 2/3/16 12:37 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 3
003-Bazis-No1 02-13-16.indd 3 2016-02-23 11:01 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 5 4 YPNEXTHOME.CA
Contributors
BILD REPORTBRYAN TUCKEYBryan Tuckey is president and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta)and BILDs o cial blog (bildblogs.ca).
DESIGNER ADVICEYANIC SIMARDYanic Simard is New Condo Guides design editor, principal designer of the award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on Citys Cityline.
LEGALLY SPEAKINGJAYSON SCHWARZJayson Schwarz LL.M is a Toronto real estate lawyer and partner in the law fi rm Schwarz Law LLP. Visit the website at schwarzlaw.ca or email [email protected].
CONDO PROBARBARA LAWLORBarbara Lawlor is president and CEO of Baker Real Estate Inc., and an in-demand columnist and speaker. A member of the Baker team since 1993, Barbara oversees the marketing and sale of condo developments in the GTA and overseas.
INVESTOR INSIGHTSANDREW LA FLEURAndrew la Fleur is an award-winning realtor with Re/Max. Andrews expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or [email protected].
STAT CHATBEN MYERSBen Myers is senior vice-president of market research and analytics at Fortress Real Developments. Follow his blog posts and commentary on the Canadian housing market at fortressrealdevelopments.com/news or follow him on Twitter at @BenMyers29.
MORTGAGE ADVICEALYSSA RICHARDAlyssa Richard is the founder and CEO of RateHub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart fi nancial decisions.
more onlineWe have even more content online! Read more stories from our team of contributors at ypnexthome.ca, including stories by:
PRESIDENT, YELLOW PAGES NEXTHOME
Jacqueline Hill
EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge
DIRECTOR OF SALES
Moe Lalani
ASSOCIATE PUBLISHER
Anne-Marie Breen
ASSOCIATE PUBLISHER, NEW HOME & CONDO GUIDE SOUTH WESTERN ONTARIO
Susan Maxwell
ART DIRECTOR
Daiana Garay
SENIOR EDITORS
Elisa Krovblit Lydia McNutt (on leave)Jackie Marchildon
EDITOR
Sonia Bell
CONTRIBUTING EDITORS
Wayne KarlSara Duck (on leave)
DESIGN EDITOR
Yanic Simard
SENIOR ACCOUNT EXECUTIVES
Dionne [email protected] [email protected]
SALES & MARKETING CO-ORDINATOR
Terry Bassett
PRODUCTION MANAGER
Bala Gnanapandithan
PRODUCTION CO-ORDINATOR
Sandra Hanak-Vujnovic
GRAPHIC DESIGNER
Miguel Cea
#500-401 The West MallEtobicoke, ON M9C 5J5T 416.626.4200 F 416.784.5867ypnexthome.ca
ADVERTISING Call 416.626.4200 for advertising rates and information. CIRCULATION Free distribution in select high-tra c street boxes, stores, banks, fi nancial institutions and select condominium sales o ces.COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and o enders will be prosecuted under the law.TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email to [email protected]. The views and data expressed by columnists do not necessarily represent those of the publication.
Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
004 Contributors masthead_JM.indd 2 2/23/16 3:30 PM
4 YPNEXTHOME.CA
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5
005-Pinnacle-PJ 01-30-16.indd 5 2016-02-23 11:01 AM
LUXURY WATERFRONT CONDOS FROM THE MID $300sOne of Canadas tallest waterfront condos, Eau Du Soleil offers spectacular views and fabulous amenities like the infinity rooftop terrace, indoor salt water pool, fitness centre, outdoor sports court and more.
1 Spectacular lake and city skyline views
2 Bright master retreat with walk outto balcony
3 Expansive open concept living anddining area
4 Multi-purpose tech space perfect forhome ofce
5 Modern L shaped kitchen with stainless steel appliances
6 Luxurious spa-inspired bathroomTOPLearn more at eaudusoleiltoronto.com
Prices, sizes and specif ications are subject to change without notice. Actual view may not be exactly as shown. Please see a Sales Representative for details. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.
SKY 12480 SQ. FT.ONE BEDROOM + TECH
Life is better overlooking the water! Enjoy
spectacular views, an open concept design
and a large balcony. This perfectly designed
one bedroom plus tech suite offers a
fantastic layout and exceptional nishes.
NOW UNDER CONSTRUCTIONVISIT THE PRESENTATION GALLERY TODAY
2183 LAKE SHORE BLVD. WESTTORONTO
416 503 3328
VIEW FROM THE
KITCHEN
L
BALCONY
W/D
ENTRY
TECH
BATH
BEDROOM9-8 X 9-0
LIVING/DINING22-4 X 10-2
1
2
3
4
56
EAU2 45392 Condo Guide DPS_FA.indd 1 2/22/16 2:09 PM006-007-Empire-Corp 02-27-16.indd 1 2016-02-23 11:01 AM
LUXURY WATERFRONT CONDOS FROM THE MID $300sOne of Canadas tallest waterfront condos, Eau Du Soleil offers spectacular views and fabulousamenities like the infinity rooftop terrace, indoor salt water pool, fitness centre, outdoor sportscourt and more.
1 Spectacular lake and city skyline views
2 Bright master retreat with walk outto balcony
3 Expansive open concept living anddining area
4 Multi-purpose tech space perfect forhome of ce
5 Modern L shaped kitchen withstainless steel appliances
6 Luxurious spa-inspired bathroomTOPLearn more at eaudusoleiltoronto.com
Prices, sizes and specif ications are subject to change without notice. Actual view may not be exactly as shown.Please see a Sales Representative for details. Exclusive listing brokerage TFN Realty Inc. Brokers Protected. E.&O.E.
SKY 12480 SQ. FT.ONE BEDROOM + TECH
Life is better overlooking the water! Enjoy
spectacular views, an open concept design
and a large balcony. This perfectly designed
one bedroom plus tech suite offers a
fantastic layout and exceptional nishes.
NOW UNDER CONSTRUCTIONVISIT THE PRESENTATION GALLERY TODAY
2183 LAKE SHORE BLVD. WESTTORONTO
416 503 3328
VIEW FROM THE
KITCHEN
L
BALCONY
W/D
ENTRY
TECH
BATH
BEDROOM9-8 X 9-0
LIVING/DINING22-4 X 10-2
1
2
3
4
5 6
EAU2 45392 Condo Guide DPS_FA.indd 1 2/22/16 2:09 PM006-007-Empire-Corp 02-27-16.indd 2 2016-02-23 11:01 AM
LIVE ON THE GO IN MAPLELive close to the greatest attractions in and around the Village of Maple.
FUTURE MACKENZIE HEALTH HOSPITAL
VAUGHAN MILLS MALL
CANADAS WONDERLAND
FUTURE VAUGHAN CIVIC CENTRE PUBLICRESOURCE LIBRARY
FUTURE VAUGHAN
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10 mins
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15 mins
EAGLES NESTGOLF CLUB
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Exclusive Listing Brokerage, Royal LePage - Your Community Realty. Brokers Protected. Prices and specifi cations are subject to change without notice. Illustration is artist concept E.&O.E
Welcome home to spacious condominium living.Starting from the mid 200sIf homes the destination then INDIGO is your ticket to an enriched lifestyle. With convenient amenities nearby, live steps from the Maple GO Station, connecting you to downtown and across the GTA. Everything is at your doorstep at INDIGO.
Register at PembertonGroup.com
[email protected] I 905.553.1430
COMING SOONLIVE ON THE GO
Live close to the greatest attractions in and around the Village of Maple.
COMING SOON
34 MINUTES to Union Station
32 MINUTES to Maple Station
MINUTESto Union Station
34 MINUTESto Union Station
UNION
MAPLE
008-Pemberton-Indigo 02-13-16.indd 8 2016-02-23 11:01 AM
YON
GE
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AVE.
BAYV
IEW
AV
E.
HIGH TECH RD.
HWY 7
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PEMBERTONGROUP.COM905.709.5700
Discover the second tower at the successful SkyCity Condominiums in the heart of Richmond Hill and save up to $15,000. An unsurpassed fusion of great location, 17,000 sq. ft. of gorgeous amenities
and outstanding value all just minutes from the GO Transit, VIVA and YRT transportation hub.
CONSTRUCTION STARTING SOON! CONDOS AT YONGE & HIGHWAY 7 FROM THE MID $300S
SAVE $5,000 ON PHASE 1 SUITES*SAVE $15,000 ON PHASE 2 SUITES*
OPEN HOUSE SUNDAY 12-4PM
*Limited time offer. See a sales representative for full details. Exclusive Listing Brokerage Circle M Realty Corporation. Prices and specifi cations are subject to change without notice. Illustrations are artists concept E.&O.E.
LIVE STEPS FROMGO TRANSIT, VIVA & THE YRT HUB!
SALES CENTRE: HIGHWAY 7 & RED MAPLEMON - THURS: 12-7PMFRI: CLOSED, SAT & SUN: 12 - 6PM
HILL 45344 Condo Guide Ad.indd 1 16-02-17 4:31 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 9
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FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 11 10 YPNEXTHOME.CA
MenkesFabik prepares for occupancy
ON THE COVER
property profi les
56 Mattamy Homes and Biddington Homes
J. Davis House off ers gracious condominium living in Davisville Village
trending
18 Market newsHousing starts in Ontario humming along
48 The Big ShortWhy Canada will never
star in it
60 Minto Get invested at Minto Westside
62 Royal LePage Home price growth due for cold shower
66 11th annual IcefestThe festival returns to Bloor-Yorkville
+online
SEARCHHOME
NEIGHBOURHOOD
WITHDYNAMIC
MAPSLOOK FOR THE CIRCLE
+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING
MORE
contentsFEB 27 MAR 12 2016 | VOLUME 20, ISSUE 5
20
010-011 CG GTA TOC FEB 27-SB-JM.indd 2 2/23/16 3:55 PM
56
30 41 Condo proThe occupancy fee: What is it? by Barbara Lawlor
52 Mortgage adviceMortgage mistakes to avoidby Alyssa Richard
Inspiration
30 Designer adviceThe magic carpet guideby Yanic Simard
neighbourhood profile
25 UnionvilleThriving heritage village a sought-after destination
buyers resource section
80 Hot Properties 905Previews, new releases and grand openings in the 905
81 Hot Properties 416Previews, new releases and grand openings in the 416
in every issue
02 Editors Note
04 Contributors
94 Advertiser Index
95 Whats Online
district maps
82 Toronto and Waterfront
88 905 region
70 The Artist ProjectWhere and how to display art in your condo
76 Tapping your RRSP before retirement The dos and donts
78 Adi Development GroupThe first annual Freeze Out Diabetes Skate-a-thon
advice
12 BILD reportHousing affordability an issue for consumers and industryby Bryan Tuckey
14 Leap Year 2016Canadas historical home price growthby Wayne Karl
24 Investor insightsWhy pre-construction condos are a great buyby Andrew la Fleur
38 Stat chatOutlook for Toronto condos in 2016 is looking up!by Ben Myers
40 Legally speakingClosing costs 101 by Jayson Schwarz
010-011 CG GTA TOC FEB 27-SB-JM.indd 3 2/23/16 3:55 PM
10 YPNEXTHOME.CA
TCG 02-27-16 master.indd 10 2016-02-23 5:59 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 11 10 YPNEXTHOME.CA
MenkesFabik prepares for occupancy
ON THE COVER
property profi les
56 Mattamy Homes and Biddington Homes
J. Davis House off ers gracious condominium living in Davisville Village
trending
18 Market newsHousing starts in Ontario humming along
48 The Big ShortWhy Canada will never
star in it
60 Minto Get invested at Minto Westside
62 Royal LePage Home price growth due for cold shower
66 11th annual IcefestThe festival returns to Bloor-Yorkville
+online
SEARCHHOME
NEIGHBOURHOOD
WITHDYNAMIC
MAPSLOOK FOR THE CIRCLE
+PHOTOS+VIDEOS+ADVICE+INSPIRATION+TRENDING
MORE
contentsFEB 27 MAR 12 2016 | VOLUME 20, ISSUE 5
20
010-011 CG GTA TOC FEB 27-SB-JM.indd 2 2/23/16 3:55 PM
56
30 41 Condo proThe occupancy fee: What is it? by Barbara Lawlor
52 Mortgage adviceMortgage mistakes to avoidby Alyssa Richard
Inspiration
30 Designer adviceThe magic carpet guideby Yanic Simard
neighbourhood profile
25 UnionvilleThriving heritage village a sought-after destination
buyers resource section
80 Hot Properties 905Previews, new releases and grand openings in the 905
81 Hot Properties 416Previews, new releases and grand openings in the 416
in every issue
02 Editors Note
04 Contributors
94 Advertiser Index
95 Whats Online
district maps
82 Toronto and Waterfront
88 905 region
70 The Artist ProjectWhere and how to display art in your condo
76 Tapping your RRSP before retirement The dos and donts
78 Adi Development GroupThe first annual Freeze Out Diabetes Skate-a-thon
advice
12 BILD reportHousing affordability an issue for consumers and industryby Bryan Tuckey
14 Leap Year 2016Canadas historical home price growthby Wayne Karl
24 Investor insightsWhy pre-construction condos are a great buyby Andrew la Fleur
38 Stat chatOutlook for Toronto condos in 2016 is looking up!by Ben Myers
40 Legally speakingClosing costs 101 by Jayson Schwarz
010-011 CG GTA TOC FEB 27-SB-JM.indd 3 2/23/16 3:55 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 11
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Housing a ordability an issue for consumers and industry
Advice | BILD REPORT
THE AFFORDABILITY OF housing in the
Greater Toronto Area is an important
issue. It is one that most GTA
residents watch with interest, and it
is one that has them worrying about
what the future will hold for them and
for their children.
According to a poll that we
conducted with Ipsos, 70 per cent of
GTA residents are concerned about
their ability to buy their next home.
The poll of 1,500 GTA residents was
taken in late August.
More than one third of the people,
some 39 per cent, said they were very
concerned, while 31 per cent said they
were somewhat concerned about the
a ordability of their next home.
We also asked people if they were
concerned about their childrens
ability to buy a home in the future.
Of those who have either adult
children or children under 17, more
than three-quarters, some 78 per
cent, said they are concerned that
their kids will face challenges with
a ordability when it is time for them
to purchase a home. Almost half,
46 per cent, said they are very
concerned about their childrens
ability to purchase a home.
A ordability is also a major issue
for the industry and one that we are
passionate about. We are in the new-
home building and selling business,
and we need people to be able to
a ord to buy our products.
As an industry, we continue to
innovate and provide consumers
with new housing choices that are
a ordable. Ground-related developers
have been building and will continue
to build many di erent types of
townhomes as well as semis and
detached homes. Developers building
condominiums in the GTA will keep
fi nding creative ways to maximize
living space and reduce the suite size
to make them more a ordable for
new-home buyers. But innovation
alone will not address the challenge of
a ordability.
Our housing market in the GTA is
dynamic and it is complicated. Like all
markets it is subject to the economic
laws of supply and demand, but to
complicate matters it is also impacted
greatly by governments at all levels.
Things such as land use, housing and
fi scal policies, government taxes/fees/
charges, outdated zoning bylaws and
approval processes, and lack of land
that is serviced with infrastructure and
ready for development are key factors
in the challenge of a ordability.
Government fees and taxes amount
to an average of one-fi fth the cost
of a new home in the GTA. A large
part of those fees are development
charges. Since 2004, development
changes in the GTA have increased
between 143 and 357 per cent.
Another issue that adds to
the cost of building housing is
outdated municipal bylaws. Many
GTA municipalities are operating
under outdated bylaws which can
result in project timeline delays and
unnecessary expenses for new-home
buyers.
Increased pushback or NIMBYism
from neighbourhoods and residents
who dont understand intensifi cation
policies can lead to disputes and
delays that often lead to increased
costs for new homebuyers as well.
To tackle the issue of housing
a ordability all those involved need to
be engaged in fi nding creative solutions.
By Bryan Tuckey
MORE ADVICE ONLINEypnexthome.ca/news/advice
Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and is a land-use planner who has worked for municipal, regional and provincial governments. He can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta) and BILDs o cial online blog (bildblogs.ca).
012 Advice_BILD Report_MC-JM.indd 2 2/23/16 10:24 AM
12 YPNEXTHOME.CA
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* The 5% deposit program, free locker, no closing costs, as well as the $20,000 cash back on studio suites, are available for a limited time only. Other conditions may apply. See Sales Representative for full details. Exclusive Listing: City Life Realty Ltd. Brokerage. Brokers Protected. Prices and specifications are subject to change without notice. Illustrations are artists concepts. E. & O.E.
416.351.1844 danielshighpark.com
in HIGH PARKChill Out
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Suite 440
Street parking available
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ISLANDW
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SEE THE WANDA STUDIO AT OUR OPEN HOUSE THIS WEEKEND. ONLY $284,900
TOTAL AREA: 419 SQ. FT. EAST VIEW
Cleverly designed, the Wanda suite is the perfect place to relax. It features meticulous finishes, 9 ft. ceilings, ensuite conveniences such as a washer and dryer, plus access to outstanding amenities. And, if you want to get out, youre right across the street from the park and minutes away from the shops and restaurants of Bloor West Village.
BLOOR ST.
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E DR.
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DUNDAS ST W
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DUNDAS ST W
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WINDER
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AY
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WN ROAD
WINDERM
ERE AVE
THE QUEENSWA
Y
THE QUEENSW
AY
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LAKESHOR
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GARDINE
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RONCESVA
LLES A
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OWNE AVE
QUEEN ST
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KING ST W
HIGH PARK
HIGH PARK ZOO
HOWARDPUBLIC
SCHOOL
ST. JOSEPHSHEALTH CENTREWEST PO
ND THE QUEENSWAY
HIGH PARKSWIMMING POOL
THE GRENADIER
SWANSEATENNIS CLUB
ST. VINCENTDE PAULSEPARATESCHOOL
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/ THOMA
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MERTON
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GO STATI
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T RD
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ST
BLOOR ST W
JANE ST
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RUNNYM
EDE RD
BLOOR ST
W
SUNNYSIDEPARK
RENNIEPARK
SOUTHHUMBER
PARK
GRENADIERPOND
HUMBERRIVER
LAKE ONTARIO
ST. PIUS XSEPARATE SCHOOL
DUPONT ST
N
TTC
JANE
TTC
RUNNYMED
E
TTCHIGHPARK
TTCGO
DUNDAS
WEST
H
SIR CASIMIRGZOWSKI PARK
SUNNYSIDEPAVILLION
CAFE
SUNNYSIDEGUS RYDER
POOL BUDAPESTPARK
BLOOR WE
ST
VILLAGE
THE
JUNCTION
OLDMILL
RONCESVA
LLES
VILLAGE
SWANSEA
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DANHPK16018 CondoGuide Canada Blooms Insert.indd 1 2016-02-18 3:51 PM013-Daniels-HighPark 02-27-16.indd 13 2016-02-23 11:01 AM
SINCE 2016 IS a leap year, and Feb. 29 approaches, we
thought it would be interesting to examine Canadian
home price growth using four-year intervals.
Weve gone all the way back to 1984, and the home
price growth is, well You wont believe it.
If youve ever heard the axiom, Dont wait to buy real
estate, buy real estate and wait, this story defines its
meaning. It also underlines the value of real estate over
the long term.
We show you where market by major Canadian
market and by how much.
WHAT DRIVES REAL ESTATE?Strong historical home price growth might be expected,
given that real estate is a proven performer over the
long term. But looking at the growth in these four-year
windows shows some pretty staggering appreciation.
Its important, however, to take inflation and other
factors into account.
Housing market activity can fluctuate greatly over
short time frames, Bob Dugan, chief economist, Canada
Mortgage and Housing Corp. (CMHC), told YPNextHome.
Over the course of a given four-year period, for example,
housing market activity will reflect temporary factors
such as swings in supply and demand that accompany
normal economic ups-and-downs, as well as other
macroeconomic factors.
CANADA
Canada: Average prices, all home types (% growth)
1984
$76,351
1988
$129,702(70%)
1992
$149,864(16%)
1996
$150,899(1%)
2000
$164,374(9%)
2004
$226,604(38%)
2008
$304,663(34%)
2012
$363,606(19%)
2016
$442,264(21%)
While it is true that nominal house price growth was
very strong in the four-year window of 1984 to 1988,
this coincided with a period of strong overall inflation.
Similarly, if we calculate house price growth over the
entire period of 1984 to the present using nominal
measures, it would be surprising not to see spectacular
results for growth, since we are not accounting for the
impact of overall inflation over that span of time.
Its also important to note that mortgage rates have
declined significantly since 1984, which, combined with
income growth, has increased the borrowing capacity of
homebuyers. As a result, homebuyers could increasingly
afford more expensive homes, which in turn contributed
to the rise in average prices.
Advice | FUNDAMENTALLY SPEAKING
LEAP YEAR 2016Canadas historical home price growth
GREATER VANCOUVER
Great Vancouver: Average prices, all home types (% growth)
1984
$113,722
1988
$160,376(41%)
1992
$245,260(53%)
1996
$288,268(18%)
2000
$295,978(3%)
2004
$373,877(26%)
2008
$593,767(59%)
2012
$730,063(23%)
2016
$897,158(23%)
Sticking with the unadjusted numbers, looking at
Greater Vancouver, there was huge growth 53 per cent
from 1988 to 1992. What happened in this market over
that period to contribute to such growth?
Hello Expo 86, the world exposition that showcased the
city and the province.
Demand to live in the region picked up in the late 1980s
and early 1990s, thanks to this international event, says
Richard K. Sam, principal market analyst for Vancouver at
CMHC.
An expanding economy and employment opportunities
attracted people to Vancouver and fueled population-
based demand for housing. Migration to the area was high,
especially interprovincial migration.
BC recorded a net gain of 125,880 people from other
provinces between 1986 and 1991, Sam says. Along with
job growth, wages and salaries grew at a faster pace,
particular from 1988 to 1990.
With these fundamental drivers in place, the demand
for housing increased. Vacancy rates in the rental market
were below one per cent from 1988 to 1990, and existing
home sales reached relatively high levels. Home prices
increased as demand exceeded supply.
So how to explain the 59-per-cent growth in Greater
Vancouver from 2004 to 2008, well after Expo 86?
After a period of flat home sales and prices between
1996 and 2000, demand for housing started to pick up
during the latter half of 2001, Sam says. This coincided
with improving economic fundamentals (growth in
employment, population and incomes), but also with
relatively low interest rates.
Along with low mortgage rates, international and
interprovincial migration into the region increased, with
the city recording a net population gain of 144,348 from
2004 to 2008.
One of the main drivers of economic and job growth
was the infrastructure needed to support the 2010
Olympic Games, which led to labour shortages in the
construction field. Resales reached their highest level
at 42,222 in 2005, while rental vacancy rates, which had
climbed to two per cent in 2003, moved back down below
one per cent from 2006 to 2008.
By Wayne Karl
continued on page 16
014_016 FS Leap year 2016_MC-SB.indd 2 2/23/16 3:08 PM
14 YPNEXTHOME.CA
TCG 02-27-16 master.indd 14 2016-02-23 5:59 PM
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Exclusive Listing: CityLife Realty Ltd. Brokerage. Brokers Protected. Illustrations are artists concept. Specifi cations are subject to change without notice. E.&.O.E. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission of The Daniels Corporation, is strictly prohibited.
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EMI2 45416 Condo Guide Ad FA.indd 1 2/22/16 4:05 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 15
015-Daniels-Arc 02-27-16.indd 15 2016-02-23 11:01 AM
WESTERN CANADA
Vancouver wasnt the only market in western Canada that
was booming from 2004 to 2008. Average home prices
in Calgary grew by 82 per cent, and in Edmonton 85 per
cent. Even Winnipeg saw 62-per-cent growth.
Calgary: Average prices, all home types (% growth)
1984
$86,724
1988
$100,687(16%)
1992
$129,506(29%)
1996
$134,643(4%)
2000
$176,305(31%)
2004
$222,860(26%)
2008
$405,267(82%)
2012
$412,315(2%)
2016
$453,936(10%)
Edmonton: Average prices, all home types (% growth)
1984
79,215
1988
$82,123(4%)
1992
$109,602(33%)
1996
$109,042(-1%)
2000
$124,203(14%)
2004
$179,203(45%)
2008
$332,852(85%)
2012
$334,318(0%)
2016
$370,010(11%)
Strong economic growth in Alberta and Manitoba
generated employment opportunities and attracted many
migrants to these provinces, according to Lai Sing Louie,
regional economist, Prairies and Territories, for CMHC.
Winnipeg: Average prices, all home types (% growth)
1984
$58,755
1988
$81,931(39%)
1992
$81,990(0%)
1996
$86,142(5%)
2000
$88,553(3%)
2004
$121,925(38%)
2008
$196,940(62%)
2012
$255,058(30%)
2016
$279,365(10%)
Albertas economy generated many jobs in this period,
with a peak annual growth rate of five per cent in 2006.
In Calgary and Edmonton, the unemployment rates were
below four per cent for large periods and temporary
foreign workers began to help fill the labour shortage.
As result of strong economic and demographic growth,
housing demand increased, lifting housing prices.
GREATER TORONTO
While Vancouver achieved huge gains from 1988 to 1992,
and the rest of Canada saw decent growth, the GTA was
the only market in Canada to decline, by four per cent,
(and again by three per cent from 1992 to 1996). What
happened?
Great Toronto: Average prices, all home types (% growth)
1984
$95,423
1988
$212,373(123%)
1992
$203,323(-4%)
1996
$196,476(-3%)
2000
$243,249(24%)
2004
$315,266(30%)
2008
$379,943(21%)
2012
$498,973(31%)
2016
$622,707(25%)
All indicators pointed to a bubble in the Toronto
housing market during the late 1980s and early 1990s,
says Dana Senagama, principal market analyst for GTA.
The market overheated, which led to an acceleration
in house price growth. House prices then became
overvalued, and overbuilding was observed before a
significant decline in house prices was noted.
Hamilton-Burlington: Average prices, all home types (% growth)
1984
$65,995
1988
$135,221(105%)
1992
$151,038(12%)
1996
$142,267(-6%)
2000
$164,168(15%)
2004
$215,922(32%)
2008
$280,790(30%)
2012
$360,059(28%)
2016
$443,388(23%)
Torontos housing market faced significant macro-
economic headwinds, from a recession in 1990-91.
Mortgage rates were increasing at the same time.
These headwinds resulted in significant job losses, and
the subsequent years saw very slow job growth, says
Senagama. Leading up to the recession, Torontos real
estate market had gone through a fairly exuberant period
that resulted in rapid price growth and home construction.
Between 1986 and 1989, home prices were growing at
20 to 30 per cent per year, on average. This encouraged
builders to increase supply based on speculation that the
previously strong demand would still be there.
But by 1990, Torontos new-home market had a large
overhang of unsold inventory. The weak recovery in
Torontos job market and higher mortgage rates led to
a lack of buyers, and the market was unable to absorb
inventory fast enough to maintain price levels.
EASTERN CANADA
Looking across the country, markets in eastern Canada
have quietly hummed along nicely over the years.
Newfoundland and Labrador, and Halifax-Dartmouth, saw
pretty steady though unspectacular growth. What does
that say about these markets?
Saint John: Average prices, all home types (% growth)
1984
$53,257
1988
$73,502(38%)
1992
$81,560(11%)
1996
$82,066(1%)
2000
$93,697(14%)
2004
$116,836(25%)
2008
$158,117(35%)
2012
$168,048(6%)
2016
$164,155(-3%)
Halifax-Dartmouth: Average prices, all home types (% growth)
1984
$78,474
1988
$92,204(17%)
1992
$99,975(8%)
1996
$105,869(6%)
2000
$128,003(21%)
2004
$175,132(37%)
2008
$232,106(33%)
2012
$270,742(17%)
2016
$280,672(4%)
Price growth was strongest in Halifax between 1998 and
2008, according to Guillaume Neault, CMHC regional
economist, Atlantic, coinciding with a period of residential
growth in the resale and new-home markets.
Newfoundland & Labrador: Average prices, all home types (% growth)
1984
$60,629
1988
$76,828(27%)
1992
$91,590(19%)
1996
$93,661(2%)
2000
$99,525(6%)
2004
$131,499(32%)
2008
$178,477(36%)
2012
$268,776(51%)
2016
$276,302(3%)
Between 2008 and today, price growth stabilized, he
says. (Last year) was the third consecutive year where
sales volume and new home starts were 20 per cent less
than the 10-year historical average. Construction activity,
however, has not subsided. Apartment construction,
typically offered in rental tenure, has grown exponentially
since 2008. Most of the units cater to households wishing
to downsize.
Data provided by Canadian Real Estate Association. 2016
figures are as of Dec. 31, 2015.
continued from page 14
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16 YPNEXTHOME.CA
TCG 02-27-16 master.indd 16 2016-02-23 5:59 PM
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EMCC 44534 Condo Guide Gatefold (Issue 2) FA.indd 1 1/7/16 3:02 PM
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CITY 44724 CONDO GUIDE GRAND OPENING FA.indd 1 1/19/16 9:36 AM
OOAK_S16_CondoGuide_FP_v1.indd 1 2/16/16 1:19 PM017-OneOfKind 02-27-16.indd 17 2016-02-23 11:01 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 19 18 YPNEXTHOME.CA
Low inventory in the resale market and increased new home sales over the past couple of years led to stronger starts of both lowrise and highrise units.
Trending
Housing starts in Ontario and Toronto humming alongWHILE PARTS OF CANADA deal with
challenging local economies and real
estate markets, housing starts an
important indicator of economic
health continue to hum along
in Ontario.
Housing starts in the Ontario
region were trending at 75,325 units
in January, up from 73,786 units in
December, according to data from
Canada Mortgage and Housing
Corp. (CMHC).
The Ontario residential
construction trend continued to
move higher, says Ted Tsiakopoulos,
CMHCs Ontario regional economist.
All housing types posted increased in
the latest month.
The Ontario starts trend ran above
levels supported by household
formation rates through the second
half of 2015. This points to a
moderation in activity from recent
levels.
ypnexthome.ca/news
MORE TRENDING ONLINE
Modest job growth, lower levels
of in-migration in recent years and a
declining backlog of condominium
sales awaiting construction should
result in lower levels of starts as
we move through 2016, says
Tsiakopoulos.
In Toronto, Canadas largest market,
housing starts also trended higher in
January 45,114 units, compared to
44,834 in December 2015.
Last years momentum continued
throughout January, says Dana
Senagama, CMHC principal market
analyst for the GTA. Low inventory in
the resale market and increased new
home sales over the past couple of
years led to stronger starts of both
lowrise and highrise units.
The standalone monthly seasonally
adjusted annual rate of housing
starts was 25,329 units in January,
up from 24,732 units in December.
The increase was the result of greater
apartment starts, CMHC says.
Construction of 725 new condo
apartment units within the city
of Toronto meant it recorded the
highest number of starts within the
GTA. Brampton recorded the next
highest, comprising mostly single-
detached and townhouse units. This
was followed by Milton, where condo
apartment construction was robust.
018 TR Housing starts in Ontario and Toronto humming along_MC-JM.indd 2 2/23/16 10:24 AM
18 YPNEXTHOME.CA
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Illustration is artists concept. Prices and specications are subject to change without notice. All brand names, logos, images, text and graphics are the copyright of the owners, The Daniels Corporation. Reproduction in any form, without prior written permission from The Daniels Corporation, is strictly prohibited. Brokers Protected. E.&.O.E.
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019-Daniels-OliviaMArie 02-27-16.indd 19 2016-02-23 11:01 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 21 20 YPNEXTHOME.CA
dishwasher clad with cabinet paneling. Bathrooms
have custom-designed vanities with cultured marble
countertop, integrated sink basin and full-width mirror.
Fabrik offers a top-flight amenity program enabling
residents to tap into the energy that infuses this hip
new condo community and establish connections with
their building neighbours. Amenities include a fully
equipped gym with cardio and weight areas, games
room, Hollywood-style screening room, and pet spa an
essential for todays condo dweller. Theres also a hotel-
style guest suite, and convenient on-site bicycle storage
for those who prefer to take advantage of the city on
two wheels.
The buildings party room offers the perfect spot for
entertaining guests, equipped with a catering kitchen, bar,
lounge seating, double-sided gas fireplace and outdoor
terrace. Residents and their guests can soak up the sun
LocationRichmond St. & Spadina Ave.
BuilderMenkes Developments
DevelopmentFabrik Condos
Home TypeOne - to two-bedroom condo units
Sales Centre770 Bay St.
this summer as well as the spectacular city views
from Fabriks 12th floor private outdoor terrace, which
features lounge seating, a gas fireplace, BBQ facilities
and a sundeck.
Boasting an excellent location, contemporary design
and an enviable amenity package, Fabrik has been one
of our most talked about projects since its launch, says
Ng. With occupancy about to begin, words are turning
into action and we are about to deliver on our promise to
develop a stylish, well-designed building that adds even
more life to an already bustling area.
For more information on Fabrik, visit the Menkes condo
centre at 770 Bay St., Toronto. Open from 12 p.m.
to 6 p.m. Monday to Thursday, closed Friday and open on
Saturday, Sunday, and holidays from 12 p.m. to 5 p.m; call
416-591-7700 or email [email protected].
020-021 COVER - Fabrik Summer Occupancy_MC-JM.indd 3 2/23/16 2:04 PM
Property Profile | MENKES
THEY SAY THAT IN FASHION, its the accessories that make
the outfit.
The same is true when it comes to Torontos most
fashionable new condominium, Fabrik, from Menkes
Developments. With construction nearly complete, and
occupancies scheduled for this summer, the development
team is focused on putting the finishing touches on this
haute couture condo.
Our design team at Giannone Petricone Associates is
overseeing the final construction work and finishing details
at Fabrik as we approach initial occupancies, says
Mimi Ng, vice president of sales and marketing for
Menkes Developments. With the building nearly
complete, and move-ins just months away, we still
have a small handful of prime suites available for
those still looking to live in Torontos most fashionable
neighbourhood.
Located on Richmond Street, just west of Spadina
Avenue, Fabrik is a 17-storey structure featuring a
distinctive exterior of stacked glass cubes, atop ground
floor retail space. Woven artfully into the heart of the
Fashion District, select suites at Fabrik remain available in
a variety of layouts and prices (from an efficient 453-sq.-
ft. one-bedroom layout to a spacious 791-sq.-ft. two-
bedroom plan).
Prices at Fabrik start at an affordable $329,990
and Menkes is currently accepting offers with just
10 per cent down.
Inside, Fabriks suites all feature spacious nine-foot
ceilings, laminate flooring and ensuite Energy Star-rated
washer and dryer. Units include full-height, thermally
insulated energy-efficient windows and individually
controlled centralized heating and cooling systems
ideal for balmy Toronto summers.
Kitchens come with Giannone Petricone Associates
custom-designed cabinetry, quartz countertops, and
ceramic or glass tile backsplash, plus European-style
appliances including a built-in Energy Star fridge and
cover story
Fabrik prepares for
occupancyMenkes to sell remaining suites
with just 10 per cent down
020-021 COVER - Fabrik Summer Occupancy_MC-JM.indd 2 2/23/16 2:04 PM
20 YPNEXTHOME.CA
TCG 02-27-16 master.indd 20 2016-02-23 5:59 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 21 20 YPNEXTHOME.CA
dishwasher clad with cabinet paneling. Bathrooms
have custom-designed vanities with cultured marble
countertop, integrated sink basin and full-width mirror.
Fabrik offers a top-flight amenity program enabling
residents to tap into the energy that infuses this hip
new condo community and establish connections with
their building neighbours. Amenities include a fully
equipped gym with cardio and weight areas, games
room, Hollywood-style screening room, and pet spa an
essential for todays condo dweller. Theres also a hotel-
style guest suite, and convenient on-site bicycle storage
for those who prefer to take advantage of the city on
two wheels.
The buildings party room offers the perfect spot for
entertaining guests, equipped with a catering kitchen, bar,
lounge seating, double-sided gas fireplace and outdoor
terrace. Residents and their guests can soak up the sun
LocationRichmond St. & Spadina Ave.
BuilderMenkes Developments
DevelopmentFabrik Condos
Home TypeOne - to two-bedroom condo units
Sales Centre770 Bay St.
this summer as well as the spectacular city views
from Fabriks 12th floor private outdoor terrace, which
features lounge seating, a gas fireplace, BBQ facilities
and a sundeck.
Boasting an excellent location, contemporary design
and an enviable amenity package, Fabrik has been one
of our most talked about projects since its launch, says
Ng. With occupancy about to begin, words are turning
into action and we are about to deliver on our promise to
develop a stylish, well-designed building that adds even
more life to an already bustling area.
For more information on Fabrik, visit the Menkes condo
centre at 770 Bay St., Toronto. Open from 12 p.m.
to 6 p.m. Monday to Thursday, closed Friday and open on
Saturday, Sunday, and holidays from 12 p.m. to 5 p.m; call
416-591-7700 or email [email protected].
020-021 COVER - Fabrik Summer Occupancy_MC-JM.indd 3 2/23/16 2:04 PM
Property Profile | MENKES
THEY SAY THAT IN FASHION, its the accessories that make
the outfit.
The same is true when it comes to Torontos most
fashionable new condominium, Fabrik, from Menkes
Developments. With construction nearly complete, and
occupancies scheduled for this summer, the development
team is focused on putting the finishing touches on this
haute couture condo.
Our design team at Giannone Petricone Associates is
overseeing the final construction work and finishing details
at Fabrik as we approach initial occupancies, says
Mimi Ng, vice president of sales and marketing for
Menkes Developments. With the building nearly
complete, and move-ins just months away, we still
have a small handful of prime suites available for
those still looking to live in Torontos most fashionable
neighbourhood.
Located on Richmond Street, just west of Spadina
Avenue, Fabrik is a 17-storey structure featuring a
distinctive exterior of stacked glass cubes, atop ground
floor retail space. Woven artfully into the heart of the
Fashion District, select suites at Fabrik remain available in
a variety of layouts and prices (from an efficient 453-sq.-
ft. one-bedroom layout to a spacious 791-sq.-ft. two-
bedroom plan).
Prices at Fabrik start at an affordable $329,990
and Menkes is currently accepting offers with just
10 per cent down.
Inside, Fabriks suites all feature spacious nine-foot
ceilings, laminate flooring and ensuite Energy Star-rated
washer and dryer. Units include full-height, thermally
insulated energy-efficient windows and individually
controlled centralized heating and cooling systems
ideal for balmy Toronto summers.
Kitchens come with Giannone Petricone Associates
custom-designed cabinetry, quartz countertops, and
ceramic or glass tile backsplash, plus European-style
appliances including a built-in Energy Star fridge and
cover story
Fabrik prepares for
occupancyMenkes to sell remaining suites
with just 10 per cent down
020-021 COVER - Fabrik Summer Occupancy_MC-JM.indd 2 2/23/16 2:04 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 21
TCG 02-27-16 master.indd 21 2016-02-23 5:59 PM
022-Aragon-81Wellesley 02-27-16.indd 22 2016-02-23 11:01 AM
Construction starting Fall 2016
Suites from the $400s to over $2.5 million
ROSEDALES REVOLUTION IN LUXURY LIVING An impressive and beautifully proportioned limestone faade marks this prominent intersection on Yonge Street.
Brokers Protected, Limited Time offer. See Sales Rep for full details. Prices, Specifi cations and programs are subject to change without notice. Illustrations are artists concept. E & O.E. *Provided the purchaser completes the transaction on the contemplated unit transfer date the purchaser shall receive a credit on the statement of adjustment in the amount equal to12 monthly common expense fees relating to the unit and any parking or storage applicable. Deposit 5% down and 10% due on occupancy.
L E A R N M O R E
aspenridgehomes.com
SCENIC3 STUDIO SUITESThe Scenic studios offer an incredible opportunity for rst-time buyers to break into the market. Theyre spacious, easily affordable and given Scenics incredible location, make a wonderful investment.
Condos and Towns from the $300s
Condos and TownsFrom the $300s
LIVE AT STUDIO, BE DOWNTOWNSelect suites are still available. Dont miss this nal opportunity to live amidst a cultural mecca of theatres, restaurants and lifestyle hotspots, plus the new OCADU art gallery right at the base of STUDIO.
ARC 28014 STUD CG 15 v2.indd 1 2015-11-25 2:38 PM
23
023-Aspen-Corp 12-05-15.indd 23 2016-02-23 11:01 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 25 24 YPNEXTHOME.CA
Advice | INVESTOR INSIGHTS
THERE ARE MANY DIFFERENT ways
you can invest and make money
in real estate. Most types of real
estate investing are very hands-on
and require a lot of time and e ort.
Investing in pre-construction condos
on the other hand, can be highly
lucrative with minimal e ort. Here are
four reasons why I believe that pre-
construction condo investing is the
best way to invest and make money in
real estate.
1. Leverage
The number one reason why so
many real estate investors look to the
pre-construction condo market is the
ability to leverage their money over
time. With just 15 to 20 per cent of
your own money, you can buy 100
per cent of an appreciating asset, and
you get to hold that asset for three
to four years without making any
payments on it. Over the last decade
in Toronto, thousands of investors
have seen incredible returns by
simply buying, waiting, then selling on
completion.
2. Access to triple-A locations
Condo investing allows ordinary
investors to get a piece of real estate
in otherwise unattainable locations.
Owning real estate on Yonge Street,
King Street or on the waterfront is
made possible for average investors
only through the power of condo
investing. And with many developers
o ering fl exible deposit structures,
you can own in these prime locations
Why pre-construction condos are a great buy
By Andrew la Fleur
MORE ADVICE ONLINEypnexthome.ca/news/advice
for a fraction of what it would cost to
buy a commercial property, a house,
or a small apartment complex in the
same locations.
3. Low maintenance
New condos are perfect for the
busy professional or self-employed
business person because you can own
multiple units with little to no month-
to-month property management.
Many of my clients tell me that they
are so busy with their full-time jobs or
their businesses, they dont have time
to start a part-time business as
a landlord. Compared to buying a
house or a commercial property, new
condos o er the lowest maintenance
with the highest rentability which
means theres nothing to fi x or
maintain and your unit will rent out
very quickly, saving you time for what
really matters in your life.
4. Rental demand
Since the end of the highrise
apartment construction boom of the
1960s, there have been almost no
purpose-built rental buildings in the
City of Toronto. Yet our city keeps
growing by tens of thousands every
year. The need for new rental units
is now fi lled almost entirely by new
condominiums and tenants always
want to live in the latest and greatest
buildings. Buying pre-construction
guarantees that you will own the
newest apartment on the block when
the building is complete and condo
investors know that renting out a unit
in a brand new building has been a
very lucrative experience.
Andrew la Fleur is an award-winning realtor with Re/Max. Andrews expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or [email protected].
024 Andrew la Fleur Real why preconstruction is best-SB-JM.indd 2 2/23/16 3:08 PM
UNIONVILLE IS A THRIVING heritage
village in the northeast corner of the
GTA and in the heart of the City of
Markham. This quaint neighbourhood
was erected in the late 1700s and has
since become an extremely sought-
after area for its beauty and history.
Lifestyle
Main Street Unionville is home to
the majority of the areas hotspots. A
combination of scenery, activities and
people makes Unionville a pleasant
place to live. There is a thriving cultural
scene with the Flato Markham
Theatre, the Varley Art Gallery and
McKay Art Centre. Unionville High
School, specializing in the arts,
was attended by actors Hayden
Christensen and Emmanuelle Chriqui.
Vibe
Unionville is highly regarded for its
historic look and feel due to the
Neighbourhood Profi le
preservation of heritage homes
and buildings, especially along
the iconic Main Street. There is a
sense of vibrancy resulting from the
friendliness of the residents and the
towns annual festivals, including the
Unionville Festival, Jazz Festival and
the Festival of Lights.
Meet the neighbours
With Markham being one of Canadas
most multicultural cities, Unionville
is also home to people with varying
ethno-cultural backgrounds. The
neighbourhood is packed with
married couples and families who are
drawn to the low crime rate and the
areas facilities, including community
centres, golf courses, schools and
libraries.
In the area
Unionville is one of the most a uent
towns in the GTA. There is high
demand and the housing prices
continue to skyrocket. An increase
in condo developments and new
townhouses set at more reasonable
prices are drawing in fi rst-time
buyers.
Planes, trains & automobiles
The 407 is easily accessible, but can
be expensive to use. Unionville GO
Station means downtown Toronto is
a short commute along the Stou ville
line. VIVA bus service also makes
stops throughout the GTA. By car, the
airport is about 30 minutes away and
residents are just 34 kilometres from
downtown Toronto.
The good, the bad & the rest
There are multiple grocery stores
in the area and Markville Mall is the
main shopping centre. The majority
of the nightlife takes place on Main
Street, where there are a number
of restaurants and pubs. The areas
diversity is refl ected in the variety of
restaurants, making it a hotspot for
foodies. The Markham Centre is well
into its development and will provide
residents with a unique downtown
area with both residential and
commercial spaces.
Real estate
There is an immense amount of
development in the area, causing
some concern regarding its
gentrifi cation and whether the town
will be able to sustain its historic
edge. Due to the constant building in
and around the neighbourhood and
the growing population, the streets
are also becoming congested.
MORE PHOTOS ONLINEypnexthome.ca/unionville-neighbourhood
Sonia Bell works with Yellow Pages NextHome to get the inside scoop on whats trending in real estate, renovation and decor. She has her masters degree in communications, specializing in media, and loves writing about all things real
estate.
Thriving heritage village a sought-after destination
UnionvilleBy Sonia Bell
025 NP Unionville_MC-WK-JM.indd 2 2/23/16 10:24 AM
24 YPNEXTHOME.CA
TCG 02-27-16 master.indd 24 2016-02-23 5:59 PM
T O D AY S L I F E S T O R E Y S TA R T S
H E R E
FA S H I O NA p o p u l a r t r e n d i n s t y l e s o r m a n n e r s o f b e h a v i o u r .
A m a n n e r o f d o i n g s o m e t h i n g .
365 CHURCH
FABRIK HARBOUR PLAZA
PEARS
THE EGLINTONYONGE & EGLINTONNOW OPENFROM THE MID $200S416.591.7700
87 PETER PETER & KINGUNDER CONSTRUCTIONSUITES FROM $735,990416.591.7700
FABRIKRICHMOND & SPADINAMOVE-IN SUMMER 2016FROM THE $300S416.591.7700
HARBOUR PLAZAHARBOUR & YORKUNDER CONSTRUCTIONFROM THE MID $300S416.591.7700
365 CHURCHCHURCH & CARLTONUNDER CONSTRUCTIONFROM $248,990416.591.7700
PEARSAVENUE & DAVENPORTMOVE IN NOW FROM $420,000416.323.0100
THE EGLINTON
87 PETER
See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016
@ M E N K E S L I F EM E N K E S . C O M
MOV E IN TH IS Y E A R . FA BR IK I S THE PER FEC T F I T.
Nows a great time to complete your image and own your own home at
FABRIK. Discover some of the citys most stylish restaurants, nightlife
and clothing stores on the nearby King Street West. The shopping
never stops with Spadina, Kensington Market and Chinatown right
there. The city never sleeps with the hottest nightclubs, bars and
fashionable lounges nearby. The rich texture of the city weaves itself
into your life, embracing you with its wide-eyed vitality.
MOVE IN SUMMER 2016 ONLY 10% DOWN
Learn more at the Menkes Condo Centre at 770 Bay St., Toronto. Call 416.591.7700 or visit us online at menkes.com
1 & 2 BEDROOM SUITES AVAILABLE STARTING FROM THE $300S
See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016.
S TA R T TO S T Y LE
YOUR L I FE AT A DW TN
LO C AT IO N TH AT
ME A SUR E S UP.
MOV E IN TH IS Y E A R . FA BR IK I S THE PER FEC T F I T.
Nows a great time to complete your image and own your own home at
FABRIK. Discover some of the citys most stylish restaurants, nightlife
and clothing stores on the nearby King Street West. The shopping
never stops with Spadina, Kensington Market and Chinatown right
there. The city never sleeps with the hottest nightclubs, bars and
fashionable lounges nearby. The rich texture of the city weaves itself
into your life, embracing you with its wide-eyed vitality.
MOVE IN SUMMER 2016 ONLY 10% DOWN
Learn more at the Menkes Condo Centre at 770 Bay St., Toronto. Call 416.591.7700 or visit us online at menkes.com
1 & 2 BEDROOM SUITES AVAILABLE STARTING FROM THE $300S
See sales representative for details. Prices and specifications are subject to change. E.&O.E. 2016.
S TA R T TO S T Y LE
YOUR L I FE AT A DW TN
LO C AT IO N TH AT
ME A SUR E S UP.
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 25 24 YPNEXTHOME.CA
Advice | INVESTOR INSIGHTS
THERE ARE MANY DIFFERENT ways
you can invest and make money
in real estate. Most types of real
estate investing are very hands-on
and require a lot of time and e ort.
Investing in pre-construction condos
on the other hand, can be highly
lucrative with minimal e ort. Here are
four reasons why I believe that pre-
construction condo investing is the
best way to invest and make money in
real estate.
1. Leverage
The number one reason why so
many real estate investors look to the
pre-construction condo market is the
ability to leverage their money over
time. With just 15 to 20 per cent of
your own money, you can buy 100
per cent of an appreciating asset, and
you get to hold that asset for three
to four years without making any
payments on it. Over the last decade
in Toronto, thousands of investors
have seen incredible returns by
simply buying, waiting, then selling on
completion.
2. Access to triple-A locations
Condo investing allows ordinary
investors to get a piece of real estate
in otherwise unattainable locations.
Owning real estate on Yonge Street,
King Street or on the waterfront is
made possible for average investors
only through the power of condo
investing. And with many developers
o ering fl exible deposit structures,
you can own in these prime locations
Why pre-construction condos are a great buy
By Andrew la Fleur
MORE ADVICE ONLINEypnexthome.ca/news/advice
for a fraction of what it would cost to
buy a commercial property, a house,
or a small apartment complex in the
same locations.
3. Low maintenance
New condos are perfect for the
busy professional or self-employed
business person because you can own
multiple units with little to no month-
to-month property management.
Many of my clients tell me that they
are so busy with their full-time jobs or
their businesses, they dont have time
to start a part-time business as
a landlord. Compared to buying a
house or a commercial property, new
condos o er the lowest maintenance
with the highest rentability which
means theres nothing to fi x or
maintain and your unit will rent out
very quickly, saving you time for what
really matters in your life.
4. Rental demand
Since the end of the highrise
apartment construction boom of the
1960s, there have been almost no
purpose-built rental buildings in the
City of Toronto. Yet our city keeps
growing by tens of thousands every
year. The need for new rental units
is now fi lled almost entirely by new
condominiums and tenants always
want to live in the latest and greatest
buildings. Buying pre-construction
guarantees that you will own the
newest apartment on the block when
the building is complete and condo
investors know that renting out a unit
in a brand new building has been a
very lucrative experience.
Andrew la Fleur is an award-winning realtor with Re/Max. Andrews expertise is in helping investors make money in the Toronto condo market. Contact Andrew at 416.371.2333 or [email protected].
024 Andrew la Fleur Real why preconstruction is best-SB-JM.indd 2 2/23/16 3:08 PM
UNIONVILLE IS A THRIVING heritage
village in the northeast corner of the
GTA and in the heart of the City of
Markham. This quaint neighbourhood
was erected in the late 1700s and has
since become an extremely sought-
after area for its beauty and history.
Lifestyle
Main Street Unionville is home to
the majority of the areas hotspots. A
combination of scenery, activities and
people makes Unionville a pleasant
place to live. There is a thriving cultural
scene with the Flato Markham
Theatre, the Varley Art Gallery and
McKay Art Centre. Unionville High
School, specializing in the arts,
was attended by actors Hayden
Christensen and Emmanuelle Chriqui.
Vibe
Unionville is highly regarded for its
historic look and feel due to the
Neighbourhood Profi le
preservation of heritage homes
and buildings, especially along
the iconic Main Street. There is a
sense of vibrancy resulting from the
friendliness of the residents and the
towns annual festivals, including the
Unionville Festival, Jazz Festival and
the Festival of Lights.
Meet the neighbours
With Markham being one of Canadas
most multicultural cities, Unionville
is also home to people with varying
ethno-cultural backgrounds. The
neighbourhood is packed with
married couples and families who are
drawn to the low crime rate and the
areas facilities, including community
centres, golf courses, schools and
libraries.
In the area
Unionville is one of the most a uent
towns in the GTA. There is high
demand and the housing prices
continue to skyrocket. An increase
in condo developments and new
townhouses set at more reasonable
prices are drawing in fi rst-time
buyers.
Planes, trains & automobiles
The 407 is easily accessible, but can
be expensive to use. Unionville GO
Station means downtown Toronto is
a short commute along the Stou ville
line. VIVA bus service also makes
stops throughout the GTA. By car, the
airport is about 30 minutes away and
residents are just 34 kilometres from
downtown Toronto.
The good, the bad & the rest
There are multiple grocery stores
in the area and Markville Mall is the
main shopping centre. The majority
of the nightlife takes place on Main
Street, where there are a number
of restaurants and pubs. The areas
diversity is refl ected in the variety of
restaurants, making it a hotspot for
foodies. The Markham Centre is well
into its development and will provide
residents with a unique downtown
area with both residential and
commercial spaces.
Real estate
There is an immense amount of
development in the area, causing
some concern regarding its
gentrifi cation and whether the town
will be able to sustain its historic
edge. Due to the constant building in
and around the neighbourhood and
the growing population, the streets
are also becoming congested.
MORE PHOTOS ONLINEypnexthome.ca/unionville-neighbourhood
Sonia Bell works with Yellow Pages NextHome to get the inside scoop on whats trending in real estate, renovation and decor. She has her masters degree in communications, specializing in media, and loves writing about all things real
estate.
Thriving heritage village a sought-after destination
UnionvilleBy Sonia Bell
025 NP Unionville_MC-WK-JM.indd 2 2/23/16 10:24 AM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 25
TCG 02-27-16 master.indd 25 2016-02-23 5:59 PM
Get your copy now!416.626.4888
SPRING ISSUE COMING SOON
luxury homes and condos to life
created exclusively to showcase luxury homes and condo developments, Luxury Living is the first premium magazine of its kind.
discerning shoppers will enjoy browsing sophisticated design and editorial, and most importantly, the quality selection of premium,high rise and low rise developments in the GTA.
homes
LuxuryCover-SPRING 2015.indd 1
4/15/15 4:24 PM
Luxury Spring 2015_Master.indd 1
15-04-15 5:30 PM
ON PAR: LIFE IN
GOLF COMMUNITIESHIGH-END LIVING: THE
LUX
CONDO EVOLUTION
A LIFE OF COLOUR:
JONATHAN ADLER ON DECOR
Sitting pretty:Sitting pretty:living the high life in the GT
As
most luxurious homes and condos
FALL 2015 | GTA EDITION
Cover photo courtesy of
The Randall Residences
BY ROSEHAVEN HOMES
LuxuryCover-FALL 2015.indd 1
9/21/15 1:38 PM
026-Luxury Condo.indd 26 2016-02-23 5:37 PM
Life happens between the lines at the WhitehausFrom the $300sWelcome to Whitehaus, midtowns most connected condominium community, steps to the subway, restaurants and all the excitement and energy of Yonge and Eglinton. With its defi ning architecture and inspiring amenities, Whitehaus is set to be an iconic new destination in this vibrant neighbourhood.
Register now I whitehaus.ca Prices and specifications subject to change without notice. E. & O. E. Illustration is artists concepts. Brokers protected. Exclusive broker listing: Baker Real Estate Incorporated.
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 27
027-Lifetime-Whitehaus 02-27-16.indd 27 2016-02-23 11:01 AM
416-813-0999TheLakeShoreCondo.ca
A COMBINATION RARELY OFFERED.AN ICON RARELY SEEN.
Located on the northeast corner of Lake Shore Blvd. and Bathurst St. in downtown Toronto, rising majestically above an iconic structure, The LakeShore will be one-of-a-kind. Exceptional lake and city views. 50,000 sq. ft. Loblaws flagship supermarket, 11,000 sq. ft. restaurant, and 88,000 sq. ft. of additional retail. Refined suite design. Inspired features and finishes and a compendium of life, health, and fitness amenities like none other. This is The LakeShore. Life in full.
Visit TheLakeShoreCondo.ca.
28 YPNEXTHOME.CA
028-029-Concord-Lakeshore 11-07-15.indd 28 2016-02-23 2:01 PM
416-813-0999TheLakeShoreCondo.ca
A COMBINATION RARELY OFFERED.AN ICON RARELY SEEN.
Located on the northeast corner of Lake Shore Blvd. and Bathurst St. in downtown Toronto, rising majestically above an iconic structure, The LakeShore will be one-of-a-kind. Exceptional lake and city views. 50,000 sq. ft. Loblaws flagship supermarket, 11,000 sq. ft. restaurant, and 88,000 sq. ft. of additional retail. Refined suite design. Inspired features and finishes and a compendium of life, health, and fitness amenities like none other. This is The LakeShore. Life in full.
Visit TheLakeShoreCondo.ca.
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 29
028-029-Concord-Lakeshore 11-07-15.indd 29 2016-02-23 2:01 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 31 30 YPNEXTHOME.CA
AREA RUGS HAVE BEEN adding bold colour and
exotic pattern to fl oors of all forms since at least
the 5th century BC, and the high-tech carpet
industry has been booming for centuries (since
1791, to be precise, when the fi rst woven carpet
mill opened in Philadelphia). Lately, hardwood
fl oors (and their lookalikes) have been the staple
in condo design, but now I see rugs in all forms
coming back in style to bring the warmth,
coziness and colour that only they can provide.
Theyre a perfect complement to wood, so you
dont even have to choose between the two! To
achieve a timeless look in your highrise home,
heres my magic carpet guide.
continued on page 32
MORE ADVICE ONLINEypnexthome.ca/news/advice
Inspiration | DESIGNER ADVICE
THE MAGICCARPET GUIDE
By Yanic SimardPhotography by Brandon Barr
030-032-034 Designer Advice-Yanic-Magic Carpet Guide_MC-JM.indd 2 2/23/16 1:05 PM
30 YPNEXTHOME.CA
TCG 02-27-16 master.indd 30 2016-02-23 5:59 PM
DO
N M
ILLS
RD
HW
Y 4
04
SHEPPARD AVE
PresentationCentre
HWY 401
ForestManor Rd.
NT TC
Fair view Mall
EXCLUSIVE LISTING: BAKER REAL ESTATE INCORPORATED BROKERAGE. 5% due in 30 days, 5% due in 120 days and the remaining 10% is due on interim occupancy. Offer limited to qualified Fifth on the Park purchasers only. Ask sales representative for details. Incentives and offers aresubject to change and may be withdrawn at any time without notice. Offers and incentives may not be combined with any other offers or incentives. Views are subject to change without notice. The image is for illustrative purposes only and in no way represents or guarantees the views norrepresents or guarantees any condition at present or in the future, which may obstruct or impede the views, including but not limited to current or future construction plans by the developer or others. Neither the developer nor its agents make any guarantees of the existence of any view fromany unit or location within Emerald City. The Fifth on the Park is the second tower out of three proposed towers within this phase. Rendering is an artists impression. All prices, sizes and specifications are subject to change without notice. E.&O.E. Brokers Protected.
Visit our Presentation Centre directly acrossfrom Fairview Mall on Sheppard Avenue
PRESENTATION CENTREMon -Thurs 11-6 pm :: Saturday & Sunday 12-5 pmFor more information, call 416.492.0001
Fifth onthePark.ca
North Yorks Success StoryNear Fairview Mall and Don Mills Subway
NOW UNDER CONSTRUCTIONLast Chance at Pre-Construction Prices! From the mid $200s
Buy with 10% Down
Special Incentives
New One+Den Designs
A BOLD AND DRAMATIC PRESENCE IS EVOLVING AT DON MILLS ROAD AND SHEPPARD AVENUE.THE MASTER PLANNED COMMUNITY OF EMERALD CITY.
EMERALD CITY IS NEAR DON MILLS AND SHEPPARD AVENUE
fifthonthepark.NEW2016febNEW2:Layout 1 2016-02-07 10:09 AM Page 1
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 31
031-ELAD-FifthOnPark 02-13-16.indd 31 2016-02-23 2:01 PM
FEB 27 - MAR 12, 2016 | NEW CONDO GUIDE 33 32 YPNEXTHOME.CA
Man versus machine Hand-knotting is the traditional method of creating Persian or
Oriental rugs. These rugs are hand
crafted with complex knotting
techniques to leave a dense, soft
surface of exposed fibres. The
higher the knot count, the
denser the weave, and the finer
the rug.
Machine-made rugs can be created in a number of ways. Tufted rugs
usually glue synthetic fibres to a
backing, a bond which can degrade
over time. Machine-knotted rugs
better simulate handmade versions
and tend to last longer than tufted
rugs.
Lastly, woven rugs use looms to interlock the yarns to the backing.
The quality will depend completely
on the type of materials used.
Material mattersWool typically gives the richest look,
but also comes with the highest price
tag. The dense, natural fibres resist
soil and dirt, but often absorb stains.
Silk is often blended with wool in fine
rugs (especially true antiques) to give
a luxurious feel and look, but must be
treated delicately.
Sisal gives an inviting natural look
like wool, but is rougher to the touch.
Its often used for stairs, welcome
mats and other high traffic areas. Im
particularly a fan of it for a dining
room.
Nylon is a very practical and cost-
effective option. The synthetic fibre
is resilient, and easy to clean and
maintain (making it ideal for high
traffic areas).
Polyester is a synthetic similar to
nylon, but less crush resistant, and
harder to dye (which limits options).
It resists water-based stains but is
prone to oil-based stains.
Olefin is another synthetic option
which is highly resistant to chemical
stai